Cloud storage company Box Inc. is introducing an artificial intelligence-powered tool designed to streamline routine corporate tasks such as invoice processing and document data extraction, according to company CEO Aaron Levie.
Speaking at Reuters’ Momentum AI summit in New York on Monday, Levie announced that Box would roll out the new service, dubbed Box Automate, within a day of his announcement. The platform represents an expansion of the company’s existing AI capabilities aimed at helping businesses organize and utilize their extensive data collections.
The new service allows companies to deploy AI agents – automated programs requiring minimal oversight – to handle unstructured business documents and integrate with existing workflows. According to Levie, the technology can process massive volumes of invoices and extract essential information from “every one of those invoices,” potentially handling up to 10 million documents.
Box hopes the new automation service will encourage customers to upgrade to the company’s Enterprise Advanced subscription tier, which provides the necessary tools for building the AI agents that power these automated processes.
